Hapag-Lloyd, CSAV in Potential Merger Talks

According to the report of Wall Street Journal,  Hapag-Lloyd, the sixth biggest container merchant in the world, has the big possibility to succeed in merger with Compania Sud Americana de Vapores of Chile. It will going to make the German container shipping leader the fifth in the world industry, passing by COSCO, the Chinese company. The Chilean peer CSAV has suffered from financial loss for recent years and the merger is expected to be beneficial for the future of both companies.

Reference : http://online.wsj.com/news/articles/SB10001424052702304096104579239553042199852